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originally posted by: AugustusMasonicus
a reply to: tothetenthpower
One thing I learned my friend in years of posting on this site is to double and triple check your sources, lest you end up looking foolish.
The Big Mac Index is published by The Economist as an informal way of measuring the purchasing power parity (PPP) between two currencies and provides a test of the extent to which market exchange rates result in goods costing the same in different countries. It "seeks to make exchange-rate theory a bit more digestible".
My father bought a house at 18 off a full time job at Pizza Hut (WTF) I make 3x what he made back then and can barely afford an apartment in the ghetto.
You don't think the cost of living will just increase with the minimum wage increase? Why would McDonalds not turn around and say "okay well I guess that 1$ double-chee is $3 now"?
How is the response of business owners going to be any different than in that situation?
I choose to accept my lot in life and try to work out of it instead of wasting time yelling at an unfair system to start playing fair.
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre
787.78 A$ (573.26 $) 282.23 A$ (205.38 $) -64.17 %
Price per Square Feet to Buy Apartment Outside of Centre
537.93 A$ (391.45 $) 188.81 A$ (137.40 $) -64.90 %
originally posted by: AugustusMasonicus
a reply to: Subaeruginosa
And my 'silly little graphs' are facts, not anecdotal evidence as confirmed by other members.
originally posted by: Subaeruginosa
Which proves nothing except that 'luxury' items cost more here... Which kind of makes sense really, since low income earners have more to spend than low income earners in the states.
originally posted by: Eilasvaleleyn
a reply to: DBCowboy
You... Really don't have a single clue what you're talking about, do you? No one I've seen is saying the Government should have 100% of everything, and anyone who does say that is stupid. We all know there shouldn't be any Government at all. Zero regulation, all firefighting, policing, and military agencies should be run by private, for-profit entities. I mean, what could possibly go wrong?